Newly constructed Cedar & Salt Coffee drive-thru, strategically located at the high-traffic corner of Highway 20 and Pioneer Way in Oak Harbor, Washington. The investment is structured as a build-to-suit ground lease, wherein the tenant holds rights to the improvements during the lease term. Upon lease expiration, all improvements revert to the landlord, offering long-term residual value in addition to passive income under the NNN lease structure. The lease includes a 15-year initial term, four 5-year renewal options, and a percentage rent clause, providing long-term upside potential tied to tenant performance.

Phenomenal development site on the prime corner in Oak Harbor. Over 103,000+ SF of commercially zoned land located on Hwy 20. Zoning allows for a variety of uses. Solid traffic counts and several national and local tenants surrounding the site.